Chemtura Corporation (NYSE:CHMT) announced that it will be raising prices for AXION products.

The press release is quoted as saying:

The cost of the raw material tin continues to climb, driven by tight supply and strong demand. LME tin prices have reached historic heights in the range of $27,000 (U.S.)/t. It is our expectation that tin cost will continue to remain at high levels and with very high volatility.

To access the full release, click here.